House Bill 621 - Tax Credit Scholarship Act

• Creates a tax credit scholarship program allowing Mississippi taxpayers to claim income tax credits up to 50% of their tax liability for contributions to nonprofit scholarship organizations that fund scholarships for qualifying students.

• Establishes eligibility requirements for qualifying students: ages 5-20, Mississippi residents, household income not exceeding two times the reduced-price lunch program threshold, and not previously enrolled in nonpublic schools.

• Limits Tax Credit Scholarships to 90% of nonpublic school tuition and covers eligible education expenses including tuition, fees, supplies, textbooks, uniforms, tutoring, and online learning services.

• Requires participating nonpublic schools to comply with antidiscrimination laws, conduct criminal background checks on employees, provide annual educational progress assessments to parents, and maintain accreditation.

• Mandates scholarship organizations limit administrative expenses to 10% of contributions, submit quarterly and annual financial reports to the Department of Revenue, and carry forward no more than 10% of net eligible contributions to the following year with excess amounts transferred to state general revenue.